Technical
Financial
Distress signals
Property profile

2820 O St Lincoln, NE 68503

OFF-MARKET
Specialty properties
Property ID
US57-0155584
14,457 SF 1.26 ac lot
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Property summary

AI-generated overview

This exceptional 14,457-square-foot property, located at 2820 O Street in Lincoln, Nebraska, presents a unique investment opportunity. Currently configured as a church, this vacant building offers significant potential for redevelopment or repurposing. The property boasts high visibility on O Street and sits on a generous 1.26-acre lot, providing ample parking for up to 78 vehicles. The interior features a large, open sanctuary capable of seating approximately 300 people, along with several smaller classrooms, offering flexibility for a variety of uses. The B-1 zoning allows for a range of commercial possibilities. The asking price is $1,575,000, translating to $108.94 per square foot. While previously used as a church, the property is currently vacant, although a lease-back agreement is in place until Spring 2025. This provides a potential income stream during the transition period. This prime Lincoln location, in Lancaster County, zip code 68503, offers excellent access and visibility, making it an attractive proposition for investors seeking a versatile property with strong redevelopment potential. The property's size and zoning make it suitable for a variety of commercial ventures. This is a rare opportunity to acquire a substantial property in a desirable location.

Property profile

Verified
Property type Specialty properties
Total area 14,457 SF
Lot 1.26 ac (54,886 SF)
UPID US57-0155584

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor
  • Church
  • Church

Location

2820 O St Lincoln, NE 68503
Lincoln metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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